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Dec 26, 2012
12/12
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who can forget superstorm sandy? neighborhoods along the northeast swept away. millions without power, and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number five, china. is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the presidential campaign. probably because it's pretty clear china is boast a competitor and a partner. >> number four, europe. the european union was frared by too much debt and the austerity plan to fix it. that saga is far from over. number three, the housing market, finally, finally bottomed out. the combination of low home prices and continued record-low mortgage rates set off a building and buying spree. well heeled investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years, as long as they had a hefty downpayment. >>
who can forget superstorm sandy? neighborhoods along the northeast swept away. millions without power, and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number five, china. is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the...
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109
Dec 26, 2012
12/12
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who can forget superstorm sandy? neighborhoods along the northeast swept away. millions without power, and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number five, china. is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than femeio ith pannud co-l pirti byewee o le3% to a f owfo t utestates. >> number eight, facebook's ipo, hundreds of millions of people like facebook, but investors did not in its first day as a trading company. questions about nasdaq and the company's ability to make money on mobile users pummeled the stock which has yet to climb back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo, who announced she was just going to take a two-week maternity leave as she tried to turn the company around. looks like a mother's touch is just what yahoo needed. >> number six, mother nature. a drought in the midwest th
who can forget superstorm sandy? neighborhoods along the northeast swept away. millions without power, and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number five, china. is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than femeio ith pannud co-l...
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222
Dec 26, 2012
12/12
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and number one, superstorm sandy. >> historic superstorm made landfall over the most populated areas of the united states. wind damage, power outages, storm surges, inland flooding, even snowstorms are threatening the lives and homes of people from virginia to massachusetts. >> i've never seen devastation like this in my life. >> the surf getting much, much more violent. >> curfew is under way right now. you are not to be on the streets. >> they're keeping an eye on the possibility of flooding. >> superstorm sandy crippled the nation's biggest transit system. >> talking about flooding, possible power outages, that could last for days. >> from the city to the country side, people just need to be self-aware. >> the storm killed at least 113 people in the u.s., and caused tens of billions of dollars in damage. total repairs will take decades. chad myers, cnn. >>> be sure to join our don lemon for the biggest stories of the year in crime and politics, money, even the most scandalous. the top ten of 2012 will air sunday night 8:00 eastern. >>> house democrat says there is a disconnect bet
and number one, superstorm sandy. >> historic superstorm made landfall over the most populated areas of the united states. wind damage, power outages, storm surges, inland flooding, even snowstorms are threatening the lives and homes of people from virginia to massachusetts. >> i've never seen devastation like this in my life. >> the surf getting much, much more violent. >> curfew is under way right now. you are not to be on the streets. >> they're keeping an eye...
111
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Dec 26, 2012
12/12
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was completely destroyed by superstorm sandy and we need to replace it. it was filled with water from floor to ceiling, corrosive saltwater which damaged everything. the last thing we want to do is to come back to congress for another $600 million after the next storm hits but we will we have to. it is in the best interest of american taxpayers to protect this critical stage in and other infrastructure elements of the large investments can be wisely spent. as superstorm sandy demonstrated, when the mta to stem a largest regional economy shutdown. it is critical that we make the necessary investments to protect the station and other critical infrastructure elements. our needs are great but more than the new york store your new york need. this is a national issue. a national need. we need the federal government's help not only to get us on the road to recovery but to protect these critical assets in the future. once again, thank you for holding this import hearing and giving me the opportunity to testify today. i will answer any questions later. .. >> our t
was completely destroyed by superstorm sandy and we need to replace it. it was filled with water from floor to ceiling, corrosive saltwater which damaged everything. the last thing we want to do is to come back to congress for another $600 million after the next storm hits but we will we have to. it is in the best interest of american taxpayers to protect this critical stage in and other infrastructure elements of the large investments can be wisely spent. as superstorm sandy demonstrated, when...
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Dec 26, 2012
12/12
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FBC
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so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling debacle resulted in standard & poor's stripping the u.s. of its top rating and now fitch is warning of a possible review. joining us now to discuss this possibility and the ramification senior editor with "the national review" and former campaign manager for dick gephardt's presidential campaign. welcome to you both. ramesh i begin with you. one. topics lost in the shuffle in the fiscal cliff negotiation we're perilously close to running up against the debt ceiling again. what do you think should happen with the debt ceiling? are you reall
so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling...
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Dec 26, 2012
12/12
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expectation, even pointed out that in the northeast, in the mid alantic region because of hurricane sandy, spending was drastically lower than they would have expected so this could be a result of people being shocked by the superstorm not necessarily consumers being afraid. david: and there's also, by the way, the shooting. >> the interesting thing, too, national average for retail spending, 2, 2 1/2% growth from last year, the average nationally for the last decade or so has been about 4, 4 1/2% growth. foot traffic still remains pretty strong meaning people are coming out to the malls to mange out and possibly not spend. david: what bothers me, saying that the fiscal cliff is stopping people. you're asking people shopping less because of-- i don't know, anybody, i don't know anybody, the fiscal cliff directly stopping people from shopping. >> these surveys, keep in mind that the national retail federation is still holding with white knuckles to the prediction we'll have increased growth of spending, and 586 billion dollar seenlz. so nrs has not changed its forecast. >> shopper track ha
expectation, even pointed out that in the northeast, in the mid alantic region because of hurricane sandy, spending was drastically lower than they would have expected so this could be a result of people being shocked by the superstorm not necessarily consumers being afraid. david: and there's also, by the way, the shooting. >> the interesting thing, too, national average for retail spending, 2, 2 1/2% growth from last year, the average nationally for the last decade or so has been about...